Mahkota Parade | Print this page |
Mahkota Parade was the first 'regional' shopping centre located in the commercial and tourist
centre situated in the heart of Melaka town.
Mahkota Parade is positioned as the leading shopping centre in the Melaka region. The centre also serves as a key destination for major community events and exhibitions. Mahkota Parade was awarded by the International Council of Shopping Centers (ICSC) with a Silver Award for Marketing Excellence at the 2009 ICSC Asia Awards.
Mahkota Parade was re-launched on May 1, 2010, following a complete refurbishment. The revitalised shopping centre improved the overall shopping experience for customers. The refurbishment is part of Hektar's continuing efforts to invest in the Melaka market and maintain Mahkota Parade as the leading shopping centre in the state.
| Location |
No. 1 Jalan Merdeka 75000 Bandar Melaka Melaka MALAYSIA |
| Title | Leasehold (Until 2101) |
| Primary Trade Area | 350,000 within 15-mins drive time |
| Gross Floor Area | 1,008,669 sq ft |
| Net Lettable Area | 484,052 sq ft |
| Car Park | 1,079 |
| Valuation | RM315.0 million |
| Tenants* | 108 |
| Key Tenants | Parkson, Ampang Superbowl, Reject Shop |
| Occupancy | 96.05% |
| Visitor Traffic | 11.0 million |
| Year Opened | 1994 |
| Year Acquired by REIT | 2006 |
| Year Refurbished | 2009-10 |
Data as of 31 December 2012. * Only NLA Lots
Photo gallery
These photos are in high-resolution and will open in a new browser window when clicked.
Mahkota Parade's Top Ten Tenants
| Tenant | Trade Sector | NLA (sq ft) | % of Total NLA |
% of Monthly Rental Income* |
|
|---|---|---|---|---|---|
| 1 | Parkson | Department Store | 113,389 | 23.4% | 11.1% |
| 2 | Ampang Superbowl | Leisure & Entertainment | 36,717 | 7.6% | 3.5% |
| 3 | KFC | Food & Beverage | 5,403 | 1.1% | 2.5% |
| 4 | McDonald's | Food & Beverage | 5,942 | 1.2% | 2.1% |
| 5 | Reject Shop | Fashion & Footwear | 8,503 | 1.8% | 2.0% |
| 6 | Guardian Pharmacy | Education / Services | 3,800 | 0.8% | 1.5% |
| 7 | SenQ | Electronics & IT | 14,815 | 3.1% | 1.4% |
| 8 | Subzero Jeans | Fashion & Footwear | 2,266 | 0.5% | 1.4% |
| 9 | World of Sports | Fashion & Footwear | 5,748 | 1.2% | 1.3% |
| 10 | Hush Puppies & Obermain | Fashion & Footwear | 2,831 | 0.6% | 1.3% |
| Top 10 Tenants (By Monthly Rental Income) |
199,414 | 41.2% | 28.1% | ||
| Other Tenants | 284,638 | 58.8% | 71.9% | ||
| Total | 484,052 | 100.0% | 100.0% | ||
* Based on monthly rental income for December 2012
Mahkota Parade's Expiry Profile
| For Year Ending 31 December |
No. of Tenancies Expiring |
NLA of Tenancies Expiring (sq ft) |
NLA of Tenancies Expiring as % of Total NLA |
% of Total Monthly Rental Income* |
|---|---|---|---|---|
| FY 2013 | 41 | 118,604 | 25% | 35% |
| FY 2014 | 36 | 256,665 | 53% | 43% |
| FY 2015 | 26 | 71,360 | 15% | 17% |
* Based on monthly rental income for December 2012. Figures may not round to 100% due to miscellaneous items.